1010 Cannon LnSummitMS39666
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Summit at 1010 Cannon Ln, Summit, MS, 39666 generates $1,837/mo in rent and, after a $1,101/mo payment, leaves $460/mo in cash flow. Total monthly income is $1,837/mo, and annual cash flow is $5,524/yr on $74,588 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 9.8% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 142.51% and total cumulative return in cash sums $106,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,837/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,389 (69.3%) |
| Renter Occupied HU | 834 (17.1%) |
| Vacant Housing Units | 665 (13.6%) |
| Median Home Value | $181,895 |
| Average Home Value | $240,043 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Dillon • Epique
Mls Name: Southwest Mississippi BOR
Mls ID: #144915